On August 27, 2024, Kilburn Engineering Ltd announced in an exchange filing that it would raise up to ₹300 crore through a preferential allotment of shares and/or convertible warrants at ₹425 per share (including a premium of ₹415). This proposal is subject to approval by the members at the upcoming Annual General Meeting. The company …
Awfis Space Solutions Limited (Awfis), India’s foremost flexible workspace provider, has solidified its presence in Pune through a strategic partnership with Nyati Group. This alliance, which happens to be the largest under the Managed Aggregation (MA) Model, will significantly expand Awfis’s footprint in the city by adding 3 lakh square feet of premium Grade-A workspace. …
Asian Energy Services Limited (AESL), a leading provider of services to the energy and mining sectors, has announced a significant step towards its growth strategy. The company’s Board of Directors has approved the issuance of 48,00,000 fully convertible warrants at an issue price of ₹335 per warrant. These warrants will grant holders the right to …
Leading multiplex operator PVR-INOX is streamlining its operations to enhance profitability. The company plans to close 70 underperforming screens in the current fiscal year, FY25. Additionally, it will explore monetisation opportunities for non-core real estate assets in prime locations like Mumbai, Pune, and Vadodara. To maintain growth, PVR-INOX will add 120 new screens in FY25, …
Infibeam Avenues Limited has announced that its Artificial Intelligence division, Phronetic.AI, has secured contracts with a leading hospital chain and an international gas station chain for its inaugural AI product, ‘AI Facility Manager’. These contracts mark a significant milestone for Phronetic.AI, leveraging its advanced Theia Vision AI technology in the healthcare and energy sectors. The …
Popular Vehicles and Services Limited has announced the inauguration of a new service workshop by its 100% step-down subsidiary, Prabal Motors Pvt. Limited. Located in North Beed, Maharashtra, this new facility is dedicated to servicing Bharat Benz vehicles and features 4 service bays. The addition of this service centre marks the 10th service facility and …
Suven Life Sciences Limited has announced that the United States Food and Drug Administration (US FDA) has given a nod to its Investigational New Drug (IND) application for SUVN-I6107, granting a “Study may proceed” letter to start a first-in-human Phase 1 clinical trial. SUVN-I6107 is a novel muscarinic M1 receptor-positive allosteric modulator, which represents a …
Apollo Micro Systems Ltd has announced the receipt of an order worth ₹10.90 crore from Bharat Dynamics Limited (BDL) for a state-of-the-art Software Defined Universal Homing System designed for Heavy Weight Torpedoes. The company stated that this cutting-edge technology, developed in collaboration with the Defence Research and Development Organisation (DRDO), positions Apollo Micro Systems as …
Shriram Properties Limited has announced the successful early exit of ASK Property Fund from the “Shriram Pristine Estates” project, a plotted development in Doddaballapura, Bangalore, under the SPL-ASK Co-Investment Platform. Shriram Pristine Estates was the inaugural project under this co-investment platform, with partners investing ₹85 crore in December 2022. The platform has a total committed …
On August 28, 2024, Wipro Limited, a major player in technology services and consulting, announced the expansion of its partnership with Dell Technologies. This collaboration will integrate Dell’s AI Factory into Wipro’s Enterprise AI-Ready Platform, aiming to help businesses better manage costs and reduce risks. By combining top-tier technology, this initiative will speed up the …
